Large Banks Had $640B Shortfall For New Basel Targets

Law360, New York (April 12, 2012, 9:38 PM EDT) -- Large international banks need roughly €485.6 billion ($639.6 billion) to meet stringent new Basel capital goals to maintain a core capital of 7 percent of their assets, the Basel committee said Thursday.

A survey of 103 large banks that hold reserves of more than €3 billion found they had an average core capital ratio of 7.1 percent, meeting the stringent target of the Basel III international banking standards. But it was a goal that not all of the banks had met by the end of June...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.